Which? statement on peer-to-peer lending

“Peer-to-peer lending has brought a new element of competition to the saving and loans market. But further regulation is needed to offer better consumer protection, to ensure investors are made aware of potential risks and borrowers are subject to proper affordability assessments.

“Peer-to-peer lending is riskier than traditional savings accounts, so people need to do their homework, spread the risk and only use them as part of wider investment portfolio.”

To see the magazine investigation, please visit the downloads section